FxWirePro: Aussie rises against major peers on the back of higher than expected employment change data
Thursday, April 16, 2020 2:35 AM UTC
- AUD/NZD is currently trading around 1.0551 marks.
- Pair made intraday high at 1.0574 and low at 1.0520 marks.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 1.0550 will drag the parity higher towards key resistances around 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0533 will drag the parity lower towards key supports around 1.0467/1.0405/1.0363/1.0315 marks respectively.
- Australia’s employment change stands at 5.9K vs 25.6K previous release (expected -33.0K).
- Australia’s unemployment rate stands at 5.2 pct vs 5.1 pct previous release (expected 5.4).
- Australia’s S&P/ASX200 was trading 1.36 pct lower at 5,392.40 points.